Exam 13: Earnings, Productivity, and the Job Market

In a market economy, which of the following is most important if one is going to achieve high earnings?

Within an occupation, when a given job provides steadier work (fewer layoffs), the hourly wage tends to be

Which of the following is most likely to reduce the market wage rate in a job category?

Wages in the United States are higher than wages in China primarily because

If large numbers of young Americans thought the life of a cowhand was great (despite the hardships), we would expect

Economic models suggest that movie stars have salaries that

Test pilots are paid high wages by airplane makers primarily because

The major determinant of an individual's income is

In a market economy, which of the following is most important if one is going to achieve high earnings?

The linkage between high productivity and high earnings is vitally important because

When comparisons are made between the earnings of whites and minorities with the same age, quantity of schooling, marital status, sector of employment, union and industry status, regional location, and annual hours worked, recent studies indicate that

Which of the following is the clearest evidence of employment discrimination against minority employees?

The difference between the earnings of construction workers who work on bridges and skyscrapers and those who work on highways is most likely due to

A compensation structure that generates much higher pay rates for the top performers, while those whose productivity is only a little lower receive substantially less compensation, is called

The fact that some people will work hard to earn a lot of money while others will be content with much less income indicates that

Proponents of the view that the higher rate of productivity growth since 1996 is part of a long-run trend argue it is a result of

If carpentry positions A and B required identical skill levels, other things constant, which one of the following would most likely elevate the wage rate of position A relative to position B?

Economic theory suggests that the standard of living of American workers would fall if the

Two workers are employed in the same job by the same firm; however, they are paid different wage rates. This could be explained by differences in

Low-skill workers earn a lower wage than more experienced, higher skilled workers because the